Business for Sale Overview:
This bar has been owned by the same owner for 52 years. Yes, 52 years. This 85 year old wishes to retire and turn over the business to a new owner. Seller will pass on his drink recipes for his famous Old Fashioned and other fancy cocktails. This has been a popular watering hole for five generations in the area. This is a liquor bar with no food or entertainment. Plenty of parking. Low overhead operation with lots of potential to increase sales with light food, happy hours and other promotions. This is an opportunity of a lifetime!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Location: Downtown Business District, Melrose, MN.
Building Type: Brick exterior; New roof in Sept 08.
Seating Capacity: 13 at bar; 6 booths and 3 tables in bar area.
#Employees: 2 part time and 1 full time (owner).
Liquor License: $1,800 on & off sale – no Sunday liquor.
Expenses: Utilities average $300 per month; Liquor Liability Ins. $850 per year; Reg Ins. $1,500 per year.
HVAC: New 90 plus Gas furnace.
Market Competition and Expansion:
Could add Sunday liquor, light food, happy hours and other promotions.
Reason for Selling:
retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.